Sunday, August 26, 2012

Iran's trade with Latin America

Iran trumpets its trade with Latin America, which is apparently almost $1 billion. Three points worth mentioning:

First, it is incredibly lopsided. Iran exported $172.8 million and imported $772.9 million. This is not how influence expands, since Latin American countries are not looking to Iran to provide them with much of anything but a market for commodities, and at least these days that is really easy to find.

Second, for all the ideological hype, two major trading partners are Mexico and Chile.

Third, the facts above will have no impact on the U.S. Congress.


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